Affordable Housing in Bangalore

Bangalore: In real estate segment, luxury housing, ultra-luxury housing, villas, villaments and condominiums are the new buzz words that are tempting buyers to buy property.  But, today in most of the metros, developers are seeking suburban areas to launch their residential projects, be it luxury or affordable housing. With the emergence of strong middle class segment post 2009, the real estate market has been witnessing the demand for affordable housing, reports Magicbricks.com.

1) Affordable housing scenario in suburban areas of Bangalore

The real estate market has been witnessing the demand for affordable housing and considering the fact, developers are also showing interest and coming up with affordable housing projects which include premium facilities of price range between 19 lakh to 40 lakh, particularly to attract this mid-sized section. Outskirts are developing at fast pace in the city. With improved infrastructure and well connected roads, these outskirts are offering good housing option for buyers. Suburban areas with strong industrial growth are a good option for affordable housing units because the employees of these industries are the major drivers for affordable housing markets.